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To: StocksDATsoar who wrote (80099)	2/14/2001 10:51:58 AM
From: Chris K.	Respond to of 150070

Well ACEN finalized the deal: (BSNS WIRE) American Communications Enterprises, Inc. Finalizes Letter of I American Communications Enterprises, Inc. Finalizes Letter of Intent to Acquire On Q Networks, Inc. Business Editors SARASOTA, Fla.--(BUSINESS WIRE)--Feb. 14, 2001--American Communications Enterprises, Inc. (OTCBB:ACEN) announced today that it has finalized a Letter of Intent to acquire 100% of privately held On Q Networks, Inc. On Q Networks, Inc. is an IP Telephony Service Provider (ITSP) whose initial operations are between the United States and Asian countries with expansion into under-served, under-developed or developing countries. Through strategic relationships with major carriers, On Q provides voice and data services to customers seeking to route calls to or from Asian countries on a per minute or private line basis. The network allows customers to complete calls at a lower cost than the traditional long distance providers by optimizing bandwidth allocation and applications. On Q Networks next-generation packet switched architecture based on the Internet Protocol (IP) provides high quality carrier grade telephony services that will be transparent to the user. The network also supplies a migration path and the flexibility to support new multimedia services including: integrated voice, video and data. Joe Chen, President of On Q Networks, Inc. stated, "On Q Networks' facilities consist of state-of-the-art telecommunications switching and routing equipment which enables the reliable delivery of high quality voice and data signals over IP based circuits. The acquisition of On Q Networks by American Communications will accelerate the international deployment of our technologies and network. Through our agreements with major carriers and ISP's, we are initiating deployment of our technologies during the next two months to Asia. Our implementation strategy for the second quarter of 2001 will be focused on revenues and cash flows which will further accelerate our market penetration worldwide." American Communications officials stated that, "On Q Networks provides our Company and its shareholders with a proven cutting-edge technology and strategic relationships and agreements that allow the Company to immediately produce revenues." Certain statements included in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from such statements expressed or implied herein. Factors that might cause such a difference include, among others, competitive pressures, the company's ability to successfully implement traffic, constantly changing technology, associated with recently formed entities. As a result, this press release should be read in conjunction with the Company's periodic filings with the SEC. For additional information please visit the website at www.onqnetworks.com and/or contact: Joe Chen at 727/823-ONQN (6676). --30--gaa/mi* CONTACT: On Q Networks Inc., St. Petersburg, Fla. Joe Chen, 727/823-ONQN (6676) www.onqnetworks.com KEYWORD: FLORIDA INDUSTRY KEYWORD: TELECOMMUNICATIONS MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *